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Joanna Shields, chief executive of the Tech City Investment Organisation (TCIO), praised Silva's contribution to the East London technology cluster and wished him success.

“When you have a passion for entrepreneurship like Rohan and spend as much time working with start-ups as he has in building Tech City, moving from championing those businesses to creating one is a natural next step,” she said.

Tech City has become a major part of the government’s plans to get Britain’s economy moving, and the latest budget included a number of measures designed to support small businesses, such as the abolition of stamp duty on AIM shares and £75 million of new funding for venture capital.

At the end of last year, the Prime Minister also announced a new £50 million project to regenerate Old Street roundabout and turn it into “Europe’s largest indoor civic space” for start-ups and entrepreneurs.

However, critics point out that few firms in the area have matured to become prominent tech companies, and a report by think tank Centre for London at Demos last year found that the government's efforts to support the cluster are “muddled, and potentially counterproductive”.

We have been hearing for years how CIOs and senior IT professionals need to bury the hatchet with line of business managers and, instead of focusing on the latest bleeding-edge technology for its own sake, seek to better understand the overall strategic objectives of their organisations.